Statistics indicate that gold is still considered a highly valuable asset in many countries. According to the World Gold Council, global gold reserves stood at 31,327 tons in 2020. This value, however, is not equal among countries. In fact, some countries store far more gold than others.
The following article looks into the top ten countries by gold reserves. It also provides an overview of some interesting facts about each of these countries.
Topping the list is the United States, with 8,133.50 tons of gold reserves. This accounts for 26% of the world’s gold. Surprisingly, it has not changed its gold holdings in five consecutive years.
Second place belongs to Germany, which holds 3,366.57 tons of gold. The country’s gold reserves have actually increased by around0.5% annually since 2013. Italy claims third with 2,451.80 tons of gold.
Fourth place is occupied by France, possessing 2,436.06 tons of gold. The majority of this gold was acquired from the country’s colonial past, which accounts for roughly 80%. However, France’s gold reserves have fluctuated throughout the years.
Fifth place is taken by Russia with 2,250.43 tons of gold. Having the largest gold reserves in all of Europe, the country’s gold holdings have increased by an impressive 39% since 2011. Furthermore, Russia is 15% of the world’s total gold.
Next, in sixth place is China, with 1,900.68 tons of gold. This figure translates into a 2.3% annual growth since 2003. It is noteworthy that the country possessed no gold reserves at the beginning of this century.
Seventh place belongs to Switzerland, which has 1,040.02 tons of gold. Although its gold reserves have remained stable compared to other countries, it still accounts for 3.4% of the world’s gold.
Eighth and ninth place go to Japan and the Netherlands, respectively. Japan possesses 765.37 tons of gold and the Netherlands, 612.43 tons. Both countries have had relatively steady gold holdings for the past five years.
Finally, tenth place is occupied by India with 607.90 tons of gold. The country’s gold reserves have increased by 46.5% since 2016, a remarkable growth rate.
In conclusion, this overview of the top ten countries by gold reserves has provided an interesting insight into the history of gold holdings worldwide. It has shown that gold is still a highly valued asset and that the countries with the most gold tend to be those with the most economic stability.
Statistics indicate that gold is still considered a highly valuable asset in many countries. According to the World Gold Council, global gold reserves stood at 31,327 tons in 2020. This value, however, is not equal among countries. In fact, some countries store far more gold than others.
The following article looks into the top ten countries by gold reserves. It also provides an overview of some interesting facts about each of these countries.
Topping the list is the United States, with 8,133.50 tons of gold reserves. This accounts for 26% of the world’s gold. Surprisingly, it has not changed its gold holdings in five consecutive years.
Second place belongs to Germany, which holds 3,366.57 tons of gold. The country’s gold reserves have actually increased by around0.5% annually since 2013. Italy claims third with 2,451.80 tons of gold.
Fourth place is occupied by France, possessing 2,436.06 tons of gold. The majority of this gold was acquired from the country’s colonial past, which accounts for roughly 80%. However, France’s gold reserves have fluctuated throughout the years.
Fifth place is taken by Russia with 2,250.43 tons of gold. Having the largest gold reserves in all of Europe, the country’s gold holdings have increased by an impressive 39% since 2011. Furthermore, Russia is 15% of the world’s total gold.
Next, in sixth place is China, with 1,900.68 tons of gold. This figure translates into a 2.3% annual growth since 2003. It is noteworthy that the country possessed no gold reserves at the beginning of this century.
Seventh place belongs to Switzerland, which has 1,040.02 tons of gold. Although its gold reserves have remained stable compared to other countries, it still accounts for 3.4% of the world’s gold.
Eighth and ninth place go to Japan and the Netherlands, respectively. Japan possesses 765.37 tons of gold and the Netherlands, 612.43 tons. Both countries have had relatively steady gold holdings for the past five years.
Finally, tenth place is occupied by India with 607.90 tons of gold. The country’s gold reserves have increased by 46.5% since 2016, a remarkable growth rate.
In conclusion, this overview of the top ten countries by gold reserves has provided an interesting insight into the history of gold holdings worldwide. It has shown that gold is still a highly valued asset and that the countries with the most gold tend to be those with the most economic stability.
